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Chris Lavey
REALTOR®, Lic. Real Estate Associate Broker
(716) 480-9507
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248 State Route 31, Macedon, NY 14502

$425,000
  • 248 State Route 31, Macedon, NY 14502 Main Photo

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New to the Market Active
BEDS4 BATHS4 full SQUARE FEET3,871 MLS#R1666258
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLPalmyra-Macedon

Property Description

Exceptional 4 unit multi-family investment property in Macedon, NY offering an outstanding opportunity for both investors and owner-occupant landlords. This freshly remodeled 3871sqft building is move-in ready and positioned to generate strong rental income in a highly convenient location. Each apartment comes equipped with brand-new kitchen appliances. The massive first-floor unit offers premium living space rarely found in multi-family properties and is ideal for an owner-occupant or high-end rental. This unit includes 1.5 bathrooms, a walk-in closet, dedicated laundry room, and a large living room with a gas fireplace. From an operational standpoint, the property is designed for efficiency with separate utilities, individual water heaters, and separate electrical panels for each unit, simplifying management and reducing owner expenses. The property features durable scratch/water-resistant laminate flooring throughout along with many newer vinyl replacement windows. Three of the four units include in-unit laundry hookups, a desirable feature for tenants that can support higher rents and lower turnover. Based on market rents averaging approximately $1,200 per unit, the property has the potential to generate over $57,000 in gross annual rental income, creating more than $50,000 in annual cash flow potential. Exterior amenities include a large attached two-car garage, ample driveway parking, and additional parking available in the adjacent lot, providing plenty of space for residents and guests. The location is a major advantage. Situated in Macedon, New York, the property is within walking distance to Lowe's, Walmart, Tractor Supply, and other major retailers, while being just 5 minutes from Perinton Square and less than 15 minutes from Pittsford, offering easy access to shopping, dining, and employment centers throughout the greater Rochester area. Whether you are looking for a cash-flowing four-unit investment property near Rochester, NY, a house-hack opportunity, or a turnkey multi-family building in Macedon, this property delivers strong rental potential, modern updates, and an excellent location. Showings begin Thursday, March 19th at 8am.

248 State Route 31 | MLS# R1666258

This multi-family property located at 248 State Route 31, Macedon, NY 14502 is currently listed for sale with an asking price of $425,000. State Route 31 is located within the Palmyra-Macedon school district. Search Macedon real estate on www.chrislavey.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Garage: 2
Heating: Electric, Baseboard
Lot Size: 0.80 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $6,053
Year Built: 1875

Feature Descriptions

Appliances: Gas Water Heater
Exterior: Vinyl Siding
Flooring: Laminate, Varies
Lot: Agricultural, Rectangular, Rectangular Lot
Parcel#: 543000-061-111-0000-143-732-0000
Parking: Common, Paved, Parking Available, Two or More Spaces
Parking Notes: Common, Paved, Parking Available, Two or More Spaces
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Palmyra-Macedon

Listed By / Shown By

Listing By

Agency Name: RE/MAX Realty Group
Agency Phone: 585-248-0250

Shown By

Agent Name: Chris Lavey
Agent Phone: (716) 480-9507
Agency Title: MJ Peterson Real Estate

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Estimated Payment

$ 1,574.24 per month $945.87 Principal & Interest $504.42 Property Tax $123.96 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/17/2026. The listing information on this page last changed on 03/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/17/2026 3:38:25 AM EST) or New York State Alliance MLS (last updated Tue 03/17/2026 2:34:26 AM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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